TOKYO, April 25 Japan's Toshiba Corp
will start taking bids for Landis+Gyr, its Swiss smart meter
unit, as early as June, Kyodo news agency reported on Tuesday.
Hitachi Ltd and other Japanese firms are seen as
possible bidders for the unit, Kyodo said, without citing
Reuters last month reported that Toshiba had hired UBS to
explore a sale or an initial public offering of the business,
potentially valued at over $2 billion.
Toshiba is targeting buyout groups such as Carlyle,
Cinven, Advent, Blackstone, Bain, Onex
, Triton, CD&R and even former owner KKR, a
person close to the matter said.
A Toshiba spokesman did not have an immediate comment on the
(Reporting by Makiko Yamazaki; Editing by Muralikumar